Stock Radar: MCX breaks out from a Pennant formation; likely to surpass 7,000 levels; check target & stop loss

MCX stock, part of the exchange data platform industry, has broken out from a Pennant formation, signaling potential for further upward movement. Experts suggest short-to-medium term traders consider buying with a target above Rs 6,900 in the next 1-2 months. The stock is trading above key moving averages, supported by a positive RSI and MACD, indicating renewed bullish momentum.